FY2025 Earnings Forecast for PBF Energy Issued By Scotiabank

PBF Energy Inc. (NYSE:PBF) – Research analysts at Scotiabank lowered their FY2025 earnings per share estimates for PBF Energy in a note issued to investors on Wednesday, March 19th. Scotiabank analyst P. Cheng now forecasts that the oil and gas company will post earnings of ($5.15) per share for the year, down from their previous estimate of ($2.20). The consensus estimate for PBF Energy’s current full-year earnings is ($1.12) per share. Scotiabank also issued estimates for PBF Energy’s FY2026 earnings at $1.00 EPS.

PBF Energy (NYSE:PBF) last posted its quarterly earnings data on Thursday, February 13th. The oil and gas company reported ($2.82) earnings per share for the quarter, missing the consensus estimate of ($1.80) by ($1.02). The company had revenue of $7.35 billion during the quarter, compared to the consensus estimate of $7.25 billion. PBF Energy had a negative return on equity of 7.40% and a negative net margin of 1.61%.

A number of other research analysts have also recently commented on the stock. The Goldman Sachs Group reduced their price target on shares of PBF Energy from $38.00 to $34.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 10th. Morgan Stanley reduced their price target on PBF Energy from $31.00 to $28.00 and set an “equal weight” rating on the stock in a report on Friday, March 14th. TD Cowen dropped their price objective on PBF Energy from $19.00 to $17.00 and set a “sell” rating for the company in a report on Tuesday, March 11th. Wells Fargo & Company reduced their target price on PBF Energy from $25.00 to $22.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 13th. Finally, Piper Sandler dropped their price target on PBF Energy from $24.00 to $23.00 and set an “underweight” rating for the company in a research note on Friday, March 7th. Seven equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $27.36.

PBF Energy Trading Down 5.4 %

NYSE PBF opened at $19.65 on Monday. The company has a quick ratio of 0.54, a current ratio of 1.25 and a debt-to-equity ratio of 0.26. The stock’s 50-day simple moving average is $25.19 and its two-hundred day simple moving average is $28.55. PBF Energy has a twelve month low of $18.97 and a twelve month high of $62.88. The company has a market capitalization of $2.27 billion, a price-to-earnings ratio of -4.17 and a beta of 1.62.

PBF Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Thursday, February 27th were given a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 5.60%. The ex-dividend date of this dividend was Thursday, February 27th. PBF Energy’s dividend payout ratio (DPR) is presently -23.35%.

Insider Buying and Selling at PBF Energy

In related news, insider Control Empresarial De Capital bought 46,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 30th. The shares were bought at an average cost of $29.70 per share, with a total value of $1,366,200.00. Following the acquisition, the insider now owns 29,190,998 shares in the company, valued at $866,972,640.60. This trade represents a 0.16 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last 90 days, insiders have bought 721,000 shares of company stock valued at $19,269,600. 5.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. T. Rowe Price Investment Management Inc. lifted its stake in shares of PBF Energy by 150.7% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,116,396 shares of the oil and gas company’s stock valued at $56,191,000 after buying an additional 1,272,254 shares in the last quarter. American Century Companies Inc. grew its position in shares of PBF Energy by 11.2% during the fourth quarter. American Century Companies Inc. now owns 1,865,625 shares of the oil and gas company’s stock worth $49,532,000 after purchasing an additional 187,351 shares in the last quarter. Two Sigma Investments LP lifted its holdings in PBF Energy by 12.6% in the 4th quarter. Two Sigma Investments LP now owns 1,645,584 shares of the oil and gas company’s stock worth $43,690,000 after purchasing an additional 184,194 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in PBF Energy by 391.9% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,540,000 shares of the oil and gas company’s stock worth $47,663,000 after purchasing an additional 1,226,909 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in PBF Energy by 5.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,492,817 shares of the oil and gas company’s stock valued at $39,634,000 after buying an additional 78,045 shares in the last quarter. 96.29% of the stock is currently owned by institutional investors.

About PBF Energy

PBF Energy Inc, through its subsidiaries, engages in refining and supplying petroleum products. The company operates in two segments, Refining and Logistics. It produces gasoline, ultra-low-sulfur diesel, heating oil, diesel fuel, jet fuel, lubricants, petrochemicals, and asphalt, as well as unbranded transportation fuels, petrochemical feedstocks, blending components, and other petroleum products from crude oil.